A North Carolina man prosecutors say had a ‘leadership role’ in a massive college basketball point shaving scheme has pleaded guilty to bribery, wire fraud and firearms charges.
Jalen Smith, 30, of Charlotte, was the first of 26 defendants to admit criminal wrongdoing, entering his plea on Monday, March 9, at a hearing in Philadelphia.
Smith was a ‘fixer’ who recruited players ‘to underperform and help ensure their team failed to cover the spread in games during the 2023-2024 and 2024-2025 NCAA men’s basketball seasons,’ federal prosecutors said in a statement.
Smith was one of the primary figures in the operation, responsible for ‘recruiting, managing, and paying players for their roles,’ according to the statement.
The operation involved 39 players on more than 17 Division I teams from 2022-2025, with bettors wagering millions of dollars on at least 29 different games, according to the original indictment in January. Payments to players ranged from $10,000 to $30,000 per game.
The fraud charges carry a maximum sentence of up to 20 years. The bribery charges have a maximum sentence of five years. Smith also pleaded guilty to illegal possession of a firearm.